South Carolina General Assembly
118th Session, 2009-2010

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H. 3566

STATUS INFORMATION

General Bill
Sponsors: Reps. Herbkersman, Chalk, Cobb-Hunter, Mitchell, Merrill, King, Parks, Dillard, Bedingfield, Haley, Bowers, Frye, Funderburk, Gunn, Hiott, Howard, McLeod, Miller, Sandifer, G.M. Smith and Umphlett
Document Path: l:\council\bills\ms\7208zw09.docx

Introduced in the House on February 18, 2009
Currently residing in the House Committee on Labor, Commerce and Industry

Summary: Credit cards

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
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   2/18/2009  House   Introduced and read first time HJ-23
   2/18/2009  House   Referred to Committee on Labor, Commerce and Industry 
                        HJ-24
    3/3/2009  House   Member(s) request name removed as sponsor: Gambrell

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

2/18/2009

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A BILL

TO AMEND SECTION 37-2-203, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO DELINQUENCY CHARGES ON CONSUMER CREDIT SALES, SO AS TO PROVIDE THAT A CREDIT CARD DELINQUENCY CHARGE OR LATE FEE MAY NOT EXCEED THE TOTAL OUTSTANDING ACCOUNT BALANCE.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION    1.    Section 37-2-203 of the 1976 Code, as last amended by Act 234 of 2004, is further amended by adding at the end:

"(6)    Notwithstanding another provision of law, a delinquency charge or late fee assessed on a revolving balance consumer credit card account may not exceed the total outstanding account balance."

SECTION    2.    This act takes effect upon approval by the Governor.

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